High-rolling investors have positioned themselves bullish on Jumia Technologies JMIA, and it's important for retail traders to take note. \This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in JMIA often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 15 options trades for Jumia Technologies. This is not a typical pattern.
The sentiment among these major traders is split, with 66% bullish and 26% bearish. Among all the options we identified, there was one put, amounting to $104,580, and 14 calls, totaling $891,823.
Predicted Price Range
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $5.0 to $19.0 for Jumia Technologies during the past quarter.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Jumia Technologies's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Jumia Technologies's whale trades within a strike price range from $5.0 to $19.0 in the last 30 days.
Jumia Technologies 30-Day Option Volume & Interest Snapshot
Significant Options Trades Detected:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| JMIA | CALL | TRADE | BULLISH | 01/16/26 | $8.8 | $8.5 | $8.8 | $5.00 | $176.0K | 2.0K | 1 |
| JMIA | CALL | TRADE | BULLISH | 01/16/26 | $8.8 | $8.5 | $8.8 | $5.00 | $176.0K | 2.0K | 1 |
| JMIA | PUT | SWEEP | BULLISH | 02/21/25 | $8.9 | $8.3 | $8.3 | $19.00 | $104.5K | 0 | 0 |
| JMIA | CALL | TRADE | BULLISH | 01/16/26 | $9.0 | $8.5 | $8.8 | $5.00 | $88.0K | 2.0K | 501 |
| JMIA | CALL | SWEEP | BULLISH | 07/19/24 | $0.35 | $0.25 | $0.35 | $16.00 | $70.0K | 82 | 8 |
About Jumia Technologies
Jumia Technologies AG is the pan-African e-commerce platform. The company's platform consists of a marketplace, which connects sellers with consumers. Its logistics service enables the shipment and delivery of packages from sellers to consumers, and the company's payment service facilitates transactions among participants active on its platform in selected markets. Jumia generates revenue from Sales of goods, Commissions, Fulfillment, Value-added services, and Marketing & Advertising. Its geographical segments are West Africa, North Africa, East & South Africa, Europe, and United Arab Emirates. The firm generates majority of its revenue from the West Africa segment.
Having examined the options trading patterns of Jumia Technologies, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Jumia Technologies's Current Market Status
- With a volume of 9,216,039, the price of JMIA is up 8.2% at $13.07.
- RSI indicators hint that the underlying stock may be overbought.
- Next earnings are expected to be released in 32 days.
What Analysts Are Saying About Jumia Technologies
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $14.0.
- An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $14.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Jumia Technologies, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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